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LTC Price Holds Above 20-Day EMA as Bulls Re-Enter
Litecoin (LTC) is exhibiting fresh bullish momentum on the daily chart, as it continues to test critical resistance levels. After multiple rejections near the $124 supply zone, the altcoin is once again approaching the $115 market gap—this time with strengthening technical indicators and improving sentiment.
Support Holds Above 20-Day EMA
Despite minor price pullbacks in recent sessions, LTC has managed to hold above the 20-day Exponential Moving Average (EMA). This level now acts as a dynamic short-term support zone, lending confidence to market participants evaluating potential long setups near the $115 range.
The current price structure suggests that bearish momentum is weakening, especially as price consolidates near a previously contested area. However, a decisive break below the EMA could signal renewed control by sellers and a potential reversal in near-term momentum.
“Institutional Re-engagement Seen as Open Interest Rises”
Supporting this optimistic outlook, Open Interest (OI) in Litecoin derivatives has risen sharply. At the time of writing, OI had reached $730 million, marking a notable recovery from previous lows around $600 million.
“The steady climb suggests that institutional traders are re-engaging with LTC, adding leveraged positions that could amplify any sustained upside move,” analysts observed.
Rising OI during periods of price consolidation is often interpreted as a sign of accumulation, particularly when paired with firm technical support levels. This dynamic points to increased participation from larger players, which may drive stronger follow-through on future breakout attempts.
Sharpe Ratio Signals Improved Risk-Adjusted Returns
Further strengthening the long-term bullish thesis is the significant rise in LTC’s 90-day Sharpe Ratio, which recently stood at 2.14. This metric, which measures risk-adjusted returns, reflects improving rewards for long-term holders compared to recent months.
“The rising Sharpe Ratio indicates that LTC holders are being rewarded for playing the long game, a dynamic that preceded continuation trends in the past,” according to market analysts.
An improving Sharpe Ratio often correlates with positive sentiment and stronger investor confidence, especially when backed by growing institutional activity.
